NRIs with a home loan in India can claim significant tax deductions — but only under the Old Tax Regime and only if they have taxable income in India (such as rental income). Here’s a concise breakdown of what you can claim.
⚠️ The New Tax Regime is the DEFAULT from FY 2023-24 onwards.
You must actively opt for the Old Tax Regime in your ITR to claim Section 24(b) and 80C benefits.
General rule: If total deductions exceed ₹4 lakh, the Old Regime is usually more beneficial.
Each co-borrower who is also a co-owner can independently claim deductions, effectively doubling the limits:
✅ Annual Interest Certificate from your lender
✅ Home loan sanction letter (Indian bank / NBFC)
✅ Stamp duty and registration receipts
✅ PAN Card + Tax Residency Certificate (TRC)
✅ Form 10F filed on Indian IT Portal (for DTAA)
✅ File ITR-2 before July 31 — opt for Old Tax Regime
Our experts manage the entire remote process for you — POA, Video KYC, document apostille & more.
from 7.25% p.a
from 7.15% p.a
from 7.75% p.a
from 8.00% p.a
